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Top 10 Artificial Intelligence Startup Investors in Latvia (October 2023)

The most active venture capital funds and angel investors investing in Latvia Artificial intelligence startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Latvia Artificial intelligence startup companies. Find investors to raise a Pre-Seed, Seed or Angel round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Herman Kienhuis
Angel
1 The Netherlands, Finland, Denmark Seed, Pre-Seed, Angel Software, Information Technology, Internet $429k–$3M
Baltic Tech Ventures
VC Fund
1 Latvia, Lithuania Seed Apps, Software, Wearables
JOINT JOURNEY
VC Fund
1 United States, Russian Federation, United Kingdom Seed, Pre-Seed Software, Information Technology, Artificial Intelligence $20k–$1.9M
Change Ventures
VC Fund
1 Estonia, Lithuania, United States Seed, Pre-Seed, Series A Software, Information Technology, Apps $107k–$3M
Andris K. Berzins
Angel
1 Spain, Latvia, Lithuania Seed, Angel, Pre-Seed Drones, EdTech, Analytics
Angels Band
VC Fund
1 Latvia, United States, United Kingdom Seed, Angel, Pre-Seed Beauty, Computer Vision, Professional Services $54k–$321k
Connect Ventures
VC Fund
1 United Kingdom, United States, Germany Seed, Series A, Pre-Seed Software, SaaS, FinTech $500k–$100M
StartersHub
VC Fund
1 United States, Turkey, Latvia Seed, Pre-Seed, Convertible Note Software, Artificial Intelligence, Information Technology $20k–$605k
pirate equity
VC Fund
1 Latvia, Poland, Lithuania Convertible Note Apps, Blockchain, Unified Communications
River Venture Partners
VC Fund
1 The Netherlands, Finland, Latvia Seed, Angel, Pre-Seed Internet, Software, SaaS $429k–$800k
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Investor list

Herman Kienhuis
Angel · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Latvia Artificial intelligence startups

Founder and managing partner of River Venture Partners angel syndicate. Venture partner at VC firm Newio. Tech investor focused on early-stage investments in B2B software companies in Northern Europe. Supporting investors and entrepreneurs in building digital businesses that change people's lives. Former chemical engineer, strategist, digitalproduct development executive, founder of SanomaVentures and Managing Director of KPN Ventures.

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Investment focus

  • Industry: Software, Information Technology, Internet
  • Stage:Seed, Pre-Seed, Angel
  • Geography: The Netherlands, Finland, Denmark

Investor stats

  • Total investments: 52
  • Round size: Seed $429k–$3M; Angel $429k–$800k
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Singa — Singa is the Spotify of karaoke for personal and commercial use. Access a catalog of 20 000+ songs to sing effortlessly anywhere, any time and with any platform.Easy to use is Singa’s main operating principle. You don’t need to buy a console, or a microphone, or even a DVD-player. Singa is platform agnostic. To use Singa, you’ve already goteverything you need either in your pocket (mobile phone), on your table (PC) or in your living room (TV).* One account works on all devices, mobile, browser or Smart TV* Each user gets to test Singa for free before signing up to a Premium account* Singa works fluently with external accessories
  • Fledgerr — Fledgerr develops cutting-edge equity management solution.
  • Contentoo — Outperform competitors with Contentoo's Creators Cloud. Leverage AI and top freelancers for quality content creation, localisation, and optimisation at scale
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Baltic Tech Ventures
VC Fund · Riga, Riga, Latvia · 1 investments in Latvia Artificial intelligence startups

Baltic Tech Ventures is the only publicly traded VC fund with an angel group focused on seed and early stage investment in the Baltic region. Investors can get involved with BTV in two ways: gaining exposure to the entire BTV portfolio by buying shares (NASDAQ:BTE1R) or by direct angel investment into one or more BTV portfolio companies. BTVangel investors benefit from the ability to invest directly into the Baltics' most promising startups on the same terms as the smartest money in the region. Unlike with other VC opportunities, BTV investors can select the companies they invest in, with low investment minimums, no management or success fees, and no lockup. BTV startups are fully vetted by BTV. BTV financials are fully audited, with regulatory oversight under Nasdaq.

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Investment focus

  • Industry: Apps, Software, Wearables
  • Stage:Seed
  • Geography: Latvia, Lithuania

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • asya.ai — We use computer vision, biometrics, deep learning, and a lot of data, to analyze human emotional experiences.
  • Lerio.io — Hire remote Team in minutes at Lerio. We make it very simple to hire and manage remote teams anywhere in the world.
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JOINT JOURNEY
VC Fund · Limassol, Limassol, Cyprus · 1 investments in Latvia Artificial intelligence startups

Active investment firm that calling founders with a great product vision across diverse industries

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed
  • Geography: United States, Russian Federation, United Kingdom

Investor stats

  • Total investments: 97
  • Round size: Seed $20k–$1.9M; Pre-Seed $31k–$325k
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • WeGoTrip — Book self-guided audio tours with skip-the-line tickets to museums, galleries, and many other attractions.
  • Altris.AI — AI for Ophthalmology & Optometry is the future of eye care. It will set high diagnostic standards for the industry and bring better patient outcome as a result. Together we will solve the preventable blindness problem.
  • Whizz — My Device is a subscription-based rental service provider for devices like electric scooters, bicycles, home sports equipment, etc.
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Change Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Latvia Artificial intelligence startups, 7 in the past 12 months

We are a seed stage venture capital fund based in the Baltic states, backing ambitious Baltic founders anywhere in the world.

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Investment focus

  • Industry: Software, Information Technology, Apps
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Estonia, Lithuania, United States

Investor stats

  • Total investments: 46
  • Round size: Seed $321k–$3M; Pre-Seed $107k–$2.1M
  • Lead/follow: 59% lead, 41% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Algori — Improving FMCG growth with the fastest and most granular insights from 45,000 shoppers in Spain
  • Aerones — Robotic wind turbine service company offering maintenance, inspection and repairs worldwide. Reduce downtime and improve the efficiency of your wind park
  • Trace.Space — Engineers develop complex products 10x faster with Trace.Space. Requirements management for the next generation
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Andris K. Berzins
Angel · Riga, Riga, Latvia · 1 investments in Latvia Artificial intelligence startups

Andris K. Berzins is the Managing Partner at Change Ventures. He attended Stanford University Graduate School of Business.

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Investment focus

  • Industry: Drones, EdTech, Analytics
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Spain, Latvia, Lithuania

Investor stats

  • Total investments: 6
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Memby — Memby is a Lithuania-based EdTech startup that brings affordable online tutorship to high schoolers.
  • Aerones — Robotic wind turbine service company offering maintenance, inspection and repairs worldwide. Reduce downtime and improve the efficiency of your wind park
  • Reach.ly — Reach.ly is a next-generation analytics tool for e-commerce sites. By deploying machine learning and pattern recognition algorithms tool, they uncover actionable customer behavior patterns. Their real-time analytics infrastructure lets e-commerce sites engage with these customers using customized messages or tailored web content.
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Angels Band
VC Fund · Minsk, Minsk, Belarus · 1 investments in Latvia Artificial intelligence startups

AngelsBAND - business-angels in Belarus, support for startups with brainy funding

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Investment focus

  • Industry: Beauty, Computer Vision, Professional Services
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Latvia, United States, United Kingdom

Investor stats

  • Total investments: 6
  • Round size: Seed $54k–$321k
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • ZENOO — ZENOO is a personalized RAW food & wellness product service for your pets well-being in a convenient way.
  • CopyMonkey.AI — AI for Amazon Listing Optimization. Generate Amazon Descriptions and Bullet Points with keywords. Create your first Optimized Amazon Listing for free.
  • Zenoo — Whether building from ground up or improving your current onboarding journey, Zenoo is the provider of choice for startups to global institutions.
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Connect Ventures
VC Fund · London, England, United Kingdom · 1 investments in Latvia Artificial intelligence startups, 14 in the past 12 months

Connect Ventures invests in the best product-led companies in Europe at seed stage. Categories: Consumer, Health, Fintech, SaaS

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Investment focus

  • Industry: Software, SaaS, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 129
  • Round size: Seed $500k–$4.3M; Pre-Seed $1.2M–$2.1M; Series A $4.9M–$100M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Anytype — for those who celebrate trust & autonomy.
  • Swallow — A modern pricing platform that separates pricing from the rest of your code. Swallow increases the speed and confidence of pricing changes for greater growth and profitability.
  • Outverse — A community platform that's easier to use, better organised and designed for real interaction.
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StartersHub
VC Fund · Istanbul, Istanbul, Turkey · 1 investments in Latvia Artificial intelligence startups

We are StartersHub. We are here for people who want to grow their start-up and find their angel investors. Find your venture capital now!

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: United States, Turkey, Latvia

Investor stats

  • Total investments: 47
  • Round size: Seed $30k–$605k; Pre-Seed $20k–$285k; Convertible Note $25k–$30k
  • Lead/follow: 26% lead, 74% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • Nerf IT — Nerf IT! is a super app enriched with crypto and NFT, where you can participate in tournaments, education, and events within esports.
  • Quin AI — Quin AI is a real-time digital customer analytics tool that helps e-commerce websites predict visitors’ behavior after only 3-clicks, and engage them in real-time. The tool is very simple to install (just a JavaScript plugin), and only uses in-session clickstream data (cookie-free & GDPR compliant) to make highly accurate predictions to supportconversion for traffic that otherwise drops.Quin significantly increases engagement and incremental revenue on websites through native engagement tools and easy API integration to available tech-stacks which makes the product an ideal solution for e-commerce websites and ideal partner for companies providing services to retail and e-commerce businesses.
  • Kassa — Kassa is an app that allows the user to easily share the expenses with their friends. The app reviews the user's balance of income and expenses, together with their savings to make financial decisions accordingly. Kassa keeps every mutual expense made to share it evenly.
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pirate equity
VC Fund · 1 investments in Latvia Artificial intelligence startups

Micro VC developed to help investors explore new markets and sectors.

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Investment focus

  • Industry: Apps, Blockchain, Unified Communications
  • Stage:Convertible Note
  • Geography: Latvia, Poland, Lithuania

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • asya.ai — We use computer vision, biometrics, deep learning, and a lot of data, to analyze human emotional experiences.
  • LiveCall — LiveCall is the #1 inbound sales calls platform.Most businesses are losing ~50% of potential inbound calls. LiveCall fixes the conversion gap in 'last mile marketing' for businesses using calls.Typical results with LiveCall are 30-120% more sales calls - without increasing your traffic. What's more, you see this within 7 days.Loved by businesses across industries - travel, insurance, finance, travel, automotive, utilities and many more.
  • H-Finance — H-Finance offers infrastructure and compliance that enables other financial institutions and fintechs to work with digital assets. We enable other institutions to integrate cryptocurrency buying, selling and holding features into their own applications. Our turnkey solution includes: legal setup, compliance, working capital, and easy to integrateAPI.
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River Venture Partners
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Latvia Artificial intelligence startups

River Venture Partners is an angel syndicate that focuses on supporting early-stage entrepreneurs in digital media, marketing, e-commerce, entreprise and education technology.

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Investment focus

  • Industry: Internet, Software, SaaS
  • Stage:Seed, Angel, Pre-Seed
  • Geography: The Netherlands, Finland, Latvia

Investor stats

  • Total investments: 19
  • Round size: Seed $429k–$429k; Angel $429k–$800k
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Contentoo — Outperform competitors with Contentoo's Creators Cloud. Leverage AI and top freelancers for quality content creation, localisation, and optimisation at scale
  • Anyways — Een tijdelijke auto voor de deur. Zonder gedoe. Met het auto abonnement van Anyways heb jij je eigen auto. Voor hoe lang je zelf wilt.
  • Clubee — Manage your club with ease. Websites, Member Management, Communication, Finance, Sponsorships and more.
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